4/A: Align Technology CEO Corrects Beneficial Ownership After Tax Over-Withholding

Joseph Hogan, CEO of Align Technology, files an amended Form 4 to correct the reported beneficial ownership of shares due to an administrative error in tax withholding.

Summary

• Joseph Hogan, the President and CEO of Align Technology, filed an amended Form 4 (Form 4/A) with the SEC on April 4, 2024.
• This amendment corrects the beneficial ownership of Align Technology (ALGN) shares previously reported on February 22, 2024.
• An administrative error led to an over-withholding of 578 shares for tax payments.
• These shares have been refunded to Mr. Hogan and are now included in his reported beneficial ownership.
• After the correction, Mr. Hogan directly owns 220,231 shares of Align Technology common stock.
• Additionally, 1,500 shares are held directly by Mr. Hogan's spouse, for which he disclaims beneficial ownership.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing correcting an administrative error. It doesn't indicate any significant positive or negative developments for the company, but accuracy in reporting is always viewed favorably.

Industry Context

This filing is a routine disclosure related to insider stock ownership and is specific to Align Technology and its CEO. It doesn't reflect broader industry trends.

Related Party Transactions

• The document mentions that 1,500 shares are held directly by the spouse of the Reporting Person.

Stakeholder Impact

• The correction of the beneficial ownership ensures accurate information for shareholders.

Key Dates